The Research On The Relationship Of The List Company's Guarantee And Its Arousing Of Contingent Liability

Nowadays, many listed companies not recognize the contingent liability, and neglect the impact of the contingent liability. Many listed company contingent liabilities that are triggered by guaranty have been increased rapidly in the securities market, so, There are so many examples like that. Guaranty is the important form of the contingent liability, is the important market behaviour of the listed company, and also is the important capital market phenomenon in our country, the warranty of listed company is the important fact of the contingent liability, is the important quota which impact the financial condition. In recent year, with the development of the world economy and capital market, the problems that had been leaded to the guaranty are becoming more and more serious. There are many illegal guaranties in the listed company's guaranties behaviour, shaping Fujian, ShanghaiShenzhen, Xinjiang three big warranty circles in the capital market. When the guaranteed companies are confronted with financial crisis, wouldn't repay bank borrowing, then the guarantee company's warranty responsibility would been returned to the real liability of the listed company, the increasing would add the company's financial risk, and decrease the ability of living in the serious competition environment.At first, the paper explains the guaranty and contingent liability's concept, characteristics and its influence, inquire into warranty's foundation theory: its current situation, characteristics, types, and so on. After this comment, according to the market's data, analysing overall situation of the guaranty market and the contingent liability which are aroused by guaranty of the listed company; analysing the current situation, characteristics of the guaranty of listed company and contingent liability arousing by the guaranty.Secondly, In consideration of the previous research on listed company's guarantee very litter, especially on the relation of listed company's guarantee and its contingent liability and debt ratio. So, this paper select the listed company's guarantee,contingent liability and debt ratio as the research object ,and get the research result: There is the plus relation between the listed company's connected guarantee,guarantee, harmful guarantee and contingent liability, debt ratio; and also there is negative relation between the mutual guarantee and contingent liability,debtratio.Finally, suggestions and countermeasures are brought forward to regulating the guarantee behavior. The four aspects of suggestions are consummating the guarantee's lawmaking of the listed company; building external guarantee institution of our...